Refi activity increased to 44% of total mortgage applications from 42.4% the previous week; adjustable-rate mortgage rose to 8.7% of total applications – the highest since September 2016 – and.
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After moving sideways for a couple of weeks, mortgage rates have gone tumbling again. applications were up 1.3%, says the Mortgage Bankers Association. Refinancings are currently responsible for.
The mortgage bankers association (mba) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1.3% in the group’s seasonally adjusted composite index for the week.
Mortgage applications increased 21.7 percent nationwide from one week earlier in the wake of the Federal Reserve’s rate cut, according to data from the Mortgage.
The downward trend in mortgage rates continued. Applications were also on the rise. Continued concerns over the economy could begin to weigh, however.
Mortgage applications rose by 2.4% on a seasonally-adjusted basis. The refinance index increased 8 percent to its highest level in over a month, and once again there was an increase in average.
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U.S. mortgage applications rise, but so do rates: MBA. data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage.
Here is what Freddie Mac’s Economic and Housing Research Group had to say about mortgage rates this week: "The 30-year fixed-rate mortgage inched higher for the second straight week. Borrowing costs may be slowly on the rise again in coming weeks, as investors remain optimistic about the underlying strength of the economy.